15309 MALLARD CIR, Orland Park, IL 60462
Nestled in a quiet Cul-Da-Sac, drive up to your new asphalt circular driveway. Outside features include: new roof, siding, gutters, facia, leased solar panels with a back up battery for energy living, newer windows and new custom front door and sliding glass doors, new cement side walk along the house including front entry, (6) professional hard wired cameras surrounding the house and ring door bell camera. This 4 bedroom 2.5 bath Forrester style has a large Foyer and oversize travertine tiles, updated half bath and a coat closet. Step up into your combination living and dining open concept great for entertaining. Featuring vaulted ceiling with wood beam accent, (custom 3 Day blinds, updated base board and professionally painted, throughout the 1st floor) custom hand rails and sandblasted railings and engineered hard wood floors. Off the dining area is your oversized eat in kitchen featuring, stainless steel appliances, stainless steel range hood, tiled backsplash, granite countertops, espresso shaker cabinetry and skylight. Open view concept looks into the cozy family room step down onto the new Berber carpet and the updated stone and shiplap wood burning fireplace perfect for those chilly fall nights. 1st floor laundry, adjacent to the family room has an additional side door entry and a 2nd door to the 2-car garage with plenty of storage. 2nd floor boasts a wide landing, linen closet and a whole house fan, 2 solar attic fans and attic insulation and both 2nd floor baths have tubular skylights that bring in additional natural light and night lights. Oversized primary has its very own balcony for 2, great for those beautiful sunrises and to enjoy your morning coffee. En-suite bath and shower with walk in closet. Updated 2nd bath features a deep soaker tub, flooring, lighting, surround and new pipes. 3 additional bedrooms and closets complete the 2nd floor. Head downstairs to your unfinished basement where the possibilities are endless, a workshop, workout area along with plenty of crawl space storage and updated lighting and newer windows that provide additional security. Well maintained and landscaped backyard provide for plenty of outdoor entertaining. Lush mature trees surround the yard for privacy and a tranquil setting. Nothing to do but move right in. HVAC Tech owner maintains all 3 units hot water tank, furnace (whole house purification system and UV lights and A/C. Selling AS IS. So many Add on's and upgrades -Its ready for your own personal touches.
You may be able to put down less than the total down payment amount of $280,830 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12153213
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.